7A, Northwestern College Application for Tax-Exempt Financing

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EXHIBIT A CITY OF ARDEN HILLS, MINNESOTA NOTICE OF A PUBLIC HEARING WITH RESPECT TO THE ISSUANCE OF REVENUE NOTES PURSUANT TO MINNESOTA STATUTES, SECTIONS 469.152 TO 469.165, AS AMENDED, FOR THE BENEFIT OF NORTHWESTERN COLLEGE NOTICE IS HEREBY GIVEN that the City Council of the City of Arden Hills, Minnesota (the "City"), will conduct a public hearing on Monday, November 30, 2009, at 7:00 p.m. at 1245 West Highway 96 in the City of Arden Hills, Minnesota, to consider a proposal by Northwestern College, a Minnesota nonprofit corporation (the "Borrower"), for the issuance of revenue notes in one or more series (the "Notes") under Minnesota Statutes, Sections 469.152 to 469.165, as amended, to finance a proposed project consisting of the construction and equipping of an approximately 70,000 square foot facility, which will provide new dining facilities, an expanded campus store, student lounges, study areas, office space for student organizations, classrooms, and meeting spaces, to be located at [ADDRESS] in the City (the "Project"). The facilities proposed to be financed will be owned by the Borrower. At the public hearing, the City Council will consider adoption of a resolution approving the Project and giving approval to the issuance of the Notes to finance the costs of the Project. The aggregate face amount of the revenue Notes proposed to be issued to finance the Project is presently estimated not to exceed $9,000,000. The Notes will be issued by the City and will constitute a limited obligation of the City payable solely from the revenues expressly pledged to the payment thereof, and will not constitute a general or moral obligation of the City and will not be secured by the taxing power of the City or any assets or property of the City except interests in the Project that may be granted to the City in conjunction with this financing. A draft copy of the application to the Minnesota Department of Employment and Economic Development for approval of the Project is on file with the City and is available for public inspection in the office of the City Administrator during regular business hours. Anyone desiring to be heard during the public hearing will be afforded an opportunity to do so. Dated: [date of publication] AR200-9 (JAE) 359179v2 BY ORDER OF THE CITY COUNCIL By /s/ Ron Moorse City Administrator City of Arden Hills, Minnesota A-1